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January 17, 2017

state of technology industry growth in alabama : top 3 trends

" growth of technology industry in alabama"

State of technology sector growth  in Alabama:employment trends and salary 

According to industry analyst CompTIA's Cyberstates 2016 report, Alabama added 454 tech jobs from 2014 to 2015. The state's total tech job employment exceeds 79,000, ranking Alabama 24th in the country.Alabama has 5642 technology establishments ( small medium and big ) that provides jobs to the state , with a billing of $6.4 billion in payroll.The leading tech industry which employs the highest number of people workers in Alabama are Software Systems and design,Engineering services,Telecom and R & D ( Research and development )

The bulk of those jobs are within computer system designs, an occupation that employs 23,000 Alabamians. Alabama has more than 40,000 people employed in key IT occupations. Corporate headquarters from BBVA Compass, Protective Life, Alabama Power, Regions Financial to software development companies such as Daxko and Platypi are based in the state. 

 In Birmingham, the state's largest metro area, some 12,000 people are employed in IT occupations. Those occupations grew by almost 5 percent in the past 5 years. That figure is projected to grow at a similar pace in the next 5 years and even more rapidly beyond that time frame.On average technology industry pay higher salaries as compared to other private sector compensation levels. The salary for a tech worker is $80,000 across tech industry which is 88% higher than other sectors ( compared to $42,600 across other sectors.see chart).Meanwhile Google’s announced $600 million data center in Jackson County may not bring the investment and jobs of an automaker or airplane assembly plant, but economic developers believe the image boost for Alabama’s technology sector could be just as significant.